A three-day weekend awaits, as the market is closed Monday in observance of MLK Day. Silver trades globally, and the world will continue working Monday, moving silver prices up or down without U.S. market participation. The advantage currently lies with the silver bulls, and we could be facing significant gains, or losses, when we reconvene on Tuesday. As discussed on Wednesday, only one potential rollover in our Premium January options portfolio and that is GLD, which if still being held, is to be rolled into the Mar 20th SLV $100C. As of about mid-session Friday, those options are trading as follows: GLD Jan 16th $400C SLV Mar 20th $100C Query Grok: Something to Think About Over Long Weekend Query Grok: "Assuming that SLV continues to rise at its daily gains so far in 2026, what will its price be on Mar 20th options expiration? " "In short: If the YTD daily pace literally continued, SLV could theoretically hit $200+ by March 20—dream fuel for your March calls." Is it a stretch? Yes, but it is also a logical extrapolation, as all SLV as to do to reach that price level over the next two months is maintain its current YTD rate of appreciation. SLV Daily This EW count and Fib extension level is suggesting a more conservative price objective for SLV into March expiration; about $130, as opposed to Grok's $200 projection. Still, it would be quite the gain anyone holding March $100 calls, i.e., about $3,000/call (currently $450). Now, this really has to be read and understood: Past performance is not a guarantee of future success.
